3 ms·
The sentiment is: You are paying a mortgage for a house you don't get to use or rent out. You have a couple thousand dollars coming out of your pocket every mon
by foxyv 6y ago
The sentiment is: You are paying a mortgage for a house you don't get to use or rent out. You have a couple thousand dollars coming out of your pocket every month that is eating away at the small bit of money you made on that house. There is no guarantee that you will get that money back.
Pretty much the point is that being a landlord isn't a free ride. Often you need to put in a lot of work and you take a big risk investing in a house that can be destroyed or made worthless by factors completely outside your control.